25K Salary at 24 to Millionaire at 50 | Basics of Making Money
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- Опубликовано: 4 июл 2024
- In episode 125 of PG Radio, we address the question "How does a 24-year-old earning a salary of 25000 set me up for early retirement or become a millionaire?" with @NeerajArora.
This is what we talked about:
0:00 - Can a 24-year-old with a 25K salary become a Millionaire?
7:44 - Calculating How Much Money You Need to Retire Early
15:32 - How to make 1.53 Crore from 1200 Rupees
18:58 - Calculating Monthly Investment to Make Your Retirement Corpus
26:16 - What is the best Asset Class to invest in?
35:11 - How to choose the perfect Asset Class for Yourself?
40:48 - This 1 Tip is Super Important
45:12 - Summary of the Blueprint
55:41 - Don't make this Mistake in Making Money
#money #millionaire #earlyretirement
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Produced by- Ansh Bhatnagar
Edited by- Kunal Varma
Host- Prakhar Gupta
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Bhai finance mein time value of money chapter se hai
Bhai aaj se 25 saal baad 82000 ki value aaj k 25000 k brabar hogi vo to socha nahi.
Inflation? ?😂
9:36 You can correct me if I'm wrong, but what people are saying about becoming rich on an Excel sheet is certainly true.
You have factored in the inflation rate and incriment rate in your calculation, which is great. However, when looked at practically, a person who lives to 85 won't just spend their entire savings on limited monthly expenses. There will be various points in their life where they'll have to spend a significant amount of money: buying a house, a car, weddings, children's weddings, etc. So, no matter where they invest, they may not have the amount of money you anticipated when they retire.
Exactly u need to set aside a good amount of money to invest and don't touch that amount for a good amount of time to make it. Bolna aur sochna bahut easy karna bahut tough hai
Also, post-retirement inflation is not factored into the equation. So, even if the individual accumulates the expected wealth under unrealistic circumstances, it may not suffice for them to sustain their lifestyle throughout their lifetime.
These influencers love ignoring important points and make click baits.
Increment rate in india is not constant mainly in public sector no Increment
Everything is easy and possible in excel sheet 😂😂😂😂 😂😂
Just one thing, This is very valuable for me, Thanks a lot for it from bottom of my heart 🙏❤️
Sip is a blessing for new investors. During my college days, I started with 500 per month sip in a small cap fund before Covid. My returns in the funds were almost 80% in 2.5 years time. Don’t underestimate the power of compounding!
This type of return is not repeated always
It was 2014 when i met CA Neeraj Arora sir who gave us beautiful mantras for life during GMCS. Main ca nhi bani but unki learning aaj bhi meri life ke mantras hai. He made me little extrovert from a introvert person. Thank you sir
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
you can do excel sheet, but problems with the model:
1. Inflation not accounted on the monthly expenses post retirement, it should also increase, so 84,000 monthly would not remain constant over the years
2. no Account for life goals - child's education and one home for old age, let alone a car or marriage
Account these things, and you'll realise it cannot be done with small SIP of 10,000 (15% up every year) only with 12% return
Neeraj Arora is actually smart
Thanks man
Har saal 10% income nahi badhti yr. Believe me.
Correct
भाई यहां तो 4 साल में भी total 10% नहीं बढ़ती है 😅
increase hoti he bhai.. Govt job me hoti he.. 3% ka increament lgta he basic pr aur 7% DA Increase hota he..
@@DheerajSingh-us9nj मतलब सिर्फ गिने चुने लोग ही ऐसे इनवेस्ट प्लान कर सकते हैं क्यूंकि गवर्नमेंट जॉब में कुल आबादी का सिर्फ गिने चुने लोग ही जा सकते हैं 😅
I can show you that I earn 5% every month. Tum saal ki baat kr rhe ho
Thankyou Niraj & Prakhar ❤
I am 22 y/o had some clarity for further. 🙏🏻
Best explanation I hv ever seen on SIP and mutual funds
The most valuable and simple video on RUclips.
Prakhar Bhaiya videos like these candid pratical questions and their reasonably true answers .... these talks Let go my anxiety of being financially responsible and trying finding ways....
Shaandar 👍👍 Sabse acchi baat ye podcast Hindi me hai…
Neeraj Arora.sir..my inspiration towards Mutual fund and SIP🙏
Amazing podcast Prakhar, so glad to see your video. Keep growing brother.
Bro this podcast is worth watching for 1 hour. I learned a lot from this podcast. Keep up the good work broo.
You have a loyal subscriber from now on.
Bhai iska papa bohot bada loyar hai....Iska level hi aalag hai
Great Podcast Prakhar, keep it up
Subscribed ❤
I am a big fan and follower of CA Neraj Arora sir.
Because of him I watch the ful podcast. His explanation skill are at the top. Love you Sir. I am also your student Sir.😊
Excited for this ❤
I have been very skeptical of Prakhar in the past. But, few videos of Prakhar have had a deep impact on me. And, one such was the philsophy of fight club. It is great to see his content coming back in the game. Good luck, mate.
That is game changing
please send fight club wala video link
ruclips.net/video/v2UeODhK25A/видео.htmlsi=sxhlxi62zS2qxjZn
The one video where he talks about cultural hegemony is my favorite one.
@@vishnups6829 link?
Thanks a lot for the discussion!
very very good session, practicality at it's peak...
Bro a person who is earning 25k a month will easily have a monthly expenditure of 18 to 20 k . It is not just about own expense but ghar pe bhi to paisa bhejega aur agar ghar ke bahar reheke naukri karega to uska bhi to kharcha hoga.
Better than other podcasts… atleast sabko develop hone ke liye h
What an Inspirational video Sir..Thank you very much for inspiring narrow minded people who thinks like " aaisa thodina hota hai ".. Thank you very much.. Eagerly Waiting for second video Sir⭐
Chlo bhyiii ...aa hi gye aap, bda intezaar tha 😂❤
Well, good to see you back🎉
Thank youu so much for this type of Finance Podcasts 🥺😍❤️
Very useful & informative video.. Eye opening video..keep it up..
glad to see such an informative podcast from our own country, well done sir
Always a pleasure to listen to Niraj sir ❤
Started this with 10k sip in 2018...i planned for 30 year
BASIC POINT THA SAB
BUT BAHOT SIMPLE WORDS MAI SAMJHAYA SIR NE.. 🖐
The best podcast i had ever seen.
Investing money consistently and compounding 👍
A good talk to listen. Thanks for sharing.
Would like to see more with Neeraj sir. Great work PG.
More coming
Let's goo PG!!
Amazing video!! 🫡👏 Keep sharing!!
Sir thanks a lot 🙏
I am waiting for episode 2..
I came here after watching a reel and this is the first time i'm watching something related to investing and this video makes me hungry to learn more.
not asking for any investment advices, but can you list a couple of mutual funds you've invested in? for research purposes?
I came here after watching reel on instagram,I can say that every single second of this podcast was worth it.I gain very much about MOney from this Podcast. THANK YOU Prakhar Bhai.
Thanks Bhai aapka comment was very useful mujhe pata chal gaya ki ye podcast worth it hoga , download ho Raha tha naa isliye
Me bhi insta se he aya hu
Thanks for sharing this information. I saw your 25-30 sec reel and then came on RUclips and watched the entire 1 hour video.☺
we want more videos like this ,very good content
One of the best podcast i have ever listened
These two are missing an imp point. Its not about what you earn but how much you are able to save. For most people, unless you earn in excess of 10L p/a, your badic expenses can wipe out a big chunk of your earnings... I mean think about it, unless you live with mum & dad, rent free, it is very difficult , to save and grow your money.....
He clarifies in at 24:00 minutes of video this part that who is earning today 25k some or other point of time he will also earn 1 lakh and more so he can now invest more of his money and at the end this whole scheme will balance out giving him the desired output
But problem hi ki 25 sall me bhe paise lagenge na … its not like ki invest krenge and 25 sall tk paiso ki jarurat hi nhi pdehi …. Toh un kharcho ka kya???
Kaha kaha jarurat padegi bhai ?? Kharche bhi to badhaye hai
5k-6k hi dene hai har mahine .... 25th birthday pe bhi or 50th bday tak.... you can adjust it by calculating it...
If you are adding cost of marriage, family calculate it
Delete this comment...
24:00
Prakher, I would like to express my gratitude for your insightful videos, through which I have gained valuable knowledge, both from your content and from the wisdom shared by the Neeraj Arora Sir."
Great session , osam, beyond anything, hat's off
Well said follow simplicity, and know the power of compounding is the key to create wealth.May you all get sucess and happy new year readers.
I calculated it, Neeraj sir is earning nearly ₹20Cr in a year.
Thank for knowledge very inspiring.
Nice podcast. Thank you.
The podcast I needed 🙇♂️ prakhar ❤
*It's always an honor to have you here as a mentor, I learn a lot watching your videos and it has encouraged me in making decisions about my finances that changed my life. Imagine my initial startup budget of $2,500 gave me the profit of $10,500 in just four days. I must say that working with Caitlin Jeffrey is the best*
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause. How do you go about this?
So surprised someone mentioned Caitlin Jeffrey. Imagine my $3k turned $12,400. Anyone who is not investing is missing a huge opportunity. I advise newbies and busy investors to seek her guidance.
Could you be kind enough to share the info of the investment advisor guilding you?
SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME!!!
CAITLIN JEFFREY
Thanks for this one
Wow Sir amazing content btw Sir are u going too go much deep on the upcoming episodes or what?
Brilliant interview
yaaar u are a philosopher you have art of questioning u bro next level honesty
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life❤❤❤
My greatest happiness is the $ 28,000 biweekly profit I get consistently
Can I also do it??? My life is facing lots of challenge lately.
Mrs Melissa Ann Long services made me who I am today and God is the master planner
She traded my $12K to $117K in space of a month, she is awesome💕💕💕
Her good reputation already speaks for her, just last month i invested over $ 10,000 with her and I've already made over $ 150,000 profit.
Great Prakhar bhai,u r very prakhar also in this season and one more interesting think in this video is that from the start to end of this video ,m not boared in this season ,but i have also seen many of too long video but some time need to jump or forrowed the video but in this season as a beginner i have seen and i really enjoy the full video and learn too many thinks,so requesting you to need a more video regarding this topic once more and also need to advice for batter investing like mutual fund 👍🏻
1. Tax on FD is 10% which you need to deduct from your 80000
2. What about inflation between 50-80 years. Will 80k be enough?
Sir, That is the great reply. Nobody is thinking of the Taxes..After all deduction can anyone say the Calculated amount will be sufficient which is mentioned in the Video. SIP Investment is good it is far better than the Savings account Interest but truth is Your lifestyle will be better from your current lifestyle. But if you are thinking these huge calculated figures will make you super Rich it will a Dream only .
I have a doubt in the calculation, as Neeraj sir has calculated 82k will come as monthly cash flow after he turns up 50 then for next 35 years inflation will also work hence these 82k will not hold same worth when he will be 50. Please correct me if I'm wrong.
Very Insightful. Thank you for creating such useful content. Waise neeraj sir keh rahe the video mei konse mutual funds mei invest karna hai woh bhi bataenge, bas yeh baat reh gayi..😅
BEST VIDEO EVER ON RUclips INDIA FOR THE EARLY YOUNG EMPLOYEES
this was perfect
Thank you for this information
Welcome back Neeraj Sir
Completely agree that if we stick to simple Nifty index fund and expect 10% that is annualised then it's enough to get you financial fitness and freedom no question asked.
@Prakhar Bhai can we pls get a copy of the excel sheet. I would love to start on my money multiplication journey. Much love
Thanks a lot, most valuable video for me
Assuming unrealistic monthly expenses, where are the costs for rent, food, and essential expenses? IF SALARY 25K
New to this channel…really enjoyed the whole podcast. Can you please make a video on the alternate paths Neeraj mentioned towards the end? That was very interesting
Quality Info❤
Summary-
1.Create a stabel income
2.Start investing in sip
3. Hold it for years and stay consistent
Bhai kaun si SIP me dalu or kitne Kitne ki 20 22 sal me 3cr k aas pas pahuch jaye...Meri age 35 hai..plz advice
@@m_PraveenPandeybest midcap finds dekhlo aap, aur top 3 me sip kardo equally. Around 15+ percent cagr mil hi jayega. Investing se pahle research kar lena.
20 saal mein 3cr ki value kam ho jaayegi
Sip kitni ki daalo - jitne ki daal sakte ho daalte jao aankh bandh karke everyones situation is different
Sip daalo main index funds for nifty, bank nifty, nifty next 50, etc dont go for other fund manager vaale mf
@@m_PraveenPandey 10,000 SIP in quant small cap direct growth. It's a very risky fund but within 15 years 3cr paar ho jayega. Suggestion to do your own analysis before investing 😇
@@pranavmalhotra9187you mean index fund me invest karna chahiye?
I love listening to neeraj sir ..
Wow, this video beautifully highlights the incredible potential of investing and the power of compounding through mutual funds! The way it breaks down the steps to make money by leveraging this strategy is both enlightening and motivating. It's fantastic to see such valuable financial wisdom being shared to help everyone build a more secure financial future. Thank you for this informative and empowering content..!! K33p it up..!!
PG please in the next episode discuss the things like passive income , ways to increase monthly or yearly cash inflow.
Nothing new was said in this podcast that was not said in PKP 2020 episode 1 with Neeraj Arora or in Dostcast.
But Neeraj Arora is always a delight to hear.
just the start
Hope so.@@PrakharkePravachan
Bhai please regular dal content@@PrakharkePravachan
@@PrakharkePravachanSandeep Maheswari Tera Baapu Hai Yaaad Hena 😂
@@dksingh3747sandeep toh firse trigger hogya carry se🤡
Low income means a higher expenditure ratio.
It's too simplified a calculation.
Neeraj sir looks like the elder brother of vinamre
Bhai Bhiwani haryana se hun forward to find more knowledgeable videos related to mutual funds investment.
Very informative video🙌🏻
Broo....
This is my kind of a video
And i have searched all over the web i don't found any of the channels that make videos like that...
I mean in hindi, and yeah Alex hormozi is lit 💯
Keep it up brother
great talk excellent thoughts
glad to see you back Prakhar bhaiya : )
Nyc video prakhar, but can you plase attach excel file link in description?
Thank you Sir, your knowledge inspire us too much
Sir I have queries Related 85 year of SIP 1 rupee every month but inflation rate also impact after 85 years 1.24 cr value will be 32000 only as per inflation Rate change
hi please share a drive link for the sheets to we can get a better understanding for how the calculation we can do as per our salary
How do you account for various unseen expenditure , times when you have to save a huge chunk of amount for certian situations . In such situations the amount kept aside for investment purposes might hamper . What can be done in such situtation?
Bhai 26 years mein per capita income bhi to $2,600 se $20,000 par pahuncha jayegi over 100 years ye per capita income aur jada badh jayegi sath mein inflation bhi compound hoga tumhara over those years uske baad jo bacha waha par thoda bohot fayda hoga.
One of the best video in yt 🎉🎉❤❤❤
Great video, trading come with a lot of benefits And
I have just bought my first house through it.
As a beginner I was scared of loosing my savings but
I’m glad I took the bold step that is now favoring me...
Compound interest sabhi scheme nahi deti. Bank Wale mutual fund Wale calculation me confuse karte hai client ko😅
Happy to see you after a long time ❤
Quality Podcast
Worth watching for 1 hour...Best podcast ever...🤟
Please suggest the top mutual funds according to you?
I dont usually comment on videos but this video was so brilliant i just had to